Funding arb · Price arb /

LIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0472%/8h= −51.7% APRpaid last 24h −0.146%

Price spread now: Orderly against Nado−0.120%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Nado Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropNado: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$14 a day on $10k at the current rate, and Orderly is 0.120% cheaper against Nado than usual: you would sell low and buy high (−$12 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado LIT-PERP	4.7070	0.0078	pay 0.0010% / 1h	1m 42s	$2.2M	$1.7M	10x
Short	Orderly PERP_LIT_USDC	4.7014	−0.0394	pay 0.0197% / 4h	1m 42s	$32K	$1K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against Nado. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee NadobpFee OrderlybpOrdersPrice spread, now −0.120%Rate

Funding earned: −$99.1
Price spread: −0.120% → 0.000%: −$12
Slippage, 4 orders: no order book: not counted
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$124.11
Costs to cover: 0.130%
Break-even: never at this rate

Slippage unknown: Nado: live order book, 2 min ago; Orderly: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Nado live order book, 2 min ago	0.74 bp	9.5 bp −$9	21.9 bp −$219	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

LIT on 42 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit LIT_USDC-PERPETUAL	−0.0419%	1h	4.7066	−0.010%	$41K	$40K	10x	as long as short
01 Exchange LITUSD	−0.0400%	1h	4.7099	+0.061%	$33K	$3K	5x	as long as short
Orderly PERP_LIT_USDCshort	−0.0394%	4h	4.7014	−0.120%	$32K	$1K	10x
Bullet LIT-USD	−0.0295%	1h	4.7057	−0.028%	$84K	$68K	20x	as long as short
Coinbase International LIT-PERP-INTX	−0.0192%	1h	4.6904	−0.354%	$613K	$352K	50x	as long as short
Gate LIT_USDT	−0.0122%	4h	4.7140	+0.148%	$2.7M	$4.3M	50x	as long as short
Phemex LITUSDT	−0.0104%	4h	4.7050	−0.044%	$1.3M	$2.8M	20x	as long as short
Bybit LITUSDT	−0.0101%	4h	4.7130	+0.126%	$41.3M	$28.9M	75x	as long as short
Phoenix LIT	−0.0034%	1h	4.7171	+0.214%	$203K	$305K	5x	as long as short
dYdX LIT-USD	0.0000%	1h	4.7192	+0.257%	$34K	—	5x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
gTrade (Gains Network) LIT/USD	L +0.0003% / S −0.0002%	1h	4.7114	+0.092%	$11K	—	150x	as long as short
OKX LIT-USDT-SWAP	+0.0010%	4h	4.7132	+0.131%	$25.3M	$61.3M	50x	as long as short
KuCoin LITUSDTM	+0.0016%	4h	4.7105	+0.073%	$5.2M	$1.0M	30x	as long as short
Injective LIT/USDC PERP	+0.0033%	1h	4.8040	+2.060%	$422	$178K	5.5x	as long as short
Backpack LIT_USDC_PERP	+0.0066%	1h	4.7094	+0.050%	$663K	$1.4M	5x	as long as short
Paradex LIT-USD-PERP	+0.0070%	8h	4.7104	+0.071%	$6K	$2K	5x	as long as short
Extended LIT-USD	+0.0072%	1h	4.7122	+0.108%	$5.2M	$5.0M	25x	as long as short
RISEx LIT/USDC	+0.0073%	1h	4.7166	+0.202%	$786K	$2.1M	5x	as long as short
ApeX Omni LITUSDT	+0.0076%	1h	4.7070	−0.001%	$56K	$76K	50x	as long as short
Nado LIT-PERPlong	+0.0078%	1h	4.7070	long leg	$2.2M	$1.7M	10x
Aftermath Perps LITUSD	+0.0079%	1h	4.7073	+0.004%	$10K	$204K	10x	as long as short
Lighter LIT	+0.0096%	1h	4.7184	+0.241%	$58.8M	$29.0M	5x	as long as short
Lighter RH LIT	+0.0096%	1h	4.7218	+0.313%	$3.8M	$13.5M	5x	as long as short
Hyperliquid LIT	+0.0100%	1h	4.7195	+0.263%	$210.7M	$42.1M	5x	as long as short
Pacifica LIT	+0.0100%	1h	4.7157	+0.184%	$576K	$1.6M	10x	as long as short
Binance LITUSDT	+0.0100%	4h	4.7120	+0.105%	$75.4M	$79.3M	75x	as long as short
Arcus LIT-USD	+0.0100%	1h	4.7152	+0.173%	$118K	$452K	5x	as long as short
Bulk LIT-USD	+0.0100%	1h	4.7058	−0.027%	$120K	$4K	10x	as long as short
MEXC LIT_USDT	+0.0100%	4h	4.7127	+0.120%	$5.7M	$3.9M	100x	as long as short
Bitget LITUSDT	+0.0100%	4h	4.7150	+0.169%	$6.7M	$2.6M	20x	as long as short
edgeX LITUSDC	+0.0100%	4h	4.7102	+0.068%	$288K	$305K	10x	as long as short
GRVT LIT_USDT_Perp	+0.0100%	4h	4.7074	+0.007%	$906K	$1.7M	10x	as long as short
Polymarket Perps LIT-USD	+0.0100%	1h	4.7066	−0.010%	$440K	$109K	10x	as long as short
Derive LIT-PERP	+0.0100%	1h	4.7095	+0.053%	$2K	—	6.7x	as long as short
SunX LIT-USDT	+0.0100%	4h	4.7069	−0.003%	$4K	$1.2M	20x	as long as short
SoDEX LIT-USD	+0.0100%	1h	4.7075	+0.010%	$1K	$387K	5x	as long as short
HTX LIT-USDT	+0.0100%	4h	4.7133	+0.133%	$199K	$360K	30x	as long as short
Aevo LIT-PERP	+0.0104%	1h	4.7056	−0.030%	$147K	—	3x	as long as short
Perpl LIT	+0.0112%	43m	4.7126	+0.119%	$31K	$760K	33x	as long as short
Aster LITUSDT	+0.0244%	4h	4.7172	+0.215%	$12.6M	$1.9M	50x	as long as short
BloFin LIT-USDT	+0.0340%	4h	4.7100	+0.063%	$1.5M	$1.9M	75x	as long as short
GMX LIT/USD [ETH-USDC]	L +0.0436% / S −0.0231%	1h	4.7104	+0.072%	$65K	—	50x	as long as short